Cooperative San Jos of southern Sonora state in Mexico makes a unique syrup using cane sugar...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Cooperative San José of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold small bottles and is prized as a flavoring for drinks and for use in desserts. The bottles are sold for $12 each. The first stage in the production process is carried out in the Mixing Department, which removes foreign matter from the raw materials and mixes them in the proper proportions in large vats. The company uses the weighted-average method in its process costing system. A hastily prepared report for the Mixing Department for April appears below: Units to be accounted for: Work in process, April 1 (materials 90% complete; conversion 80% complete) Started into production Total units to be accounted for Units accounted for as follows: Transferred to next department Work in process, April 38 (materials 75% complete; conversion 50% complete) Total units accounted for Cost Reconciliation Cost to be accounted for: Work in process, April 1 Cost added during the month Total cost to be accounted for Cost accounted for as follows: Work in process, April 30 Transferred to next department Total cost accounted for $ 29,982 113,678 $ 143,660 $ 18,000 125,660 $ 143,660 11,400 38,800 50,200 41,200 9,000 50,200 Management would like some additional information about Cooperative San José's operations. Required: 1. What were the Mixing Department's equivalent units of production for materials and conversion for April? 2. What were the Mixing Department's cost per equivalent unit for materials and conversion for April? The beginning inventory consisted of the following costs: materials, $19,380; and conversion cost, $10,602. The costs added during the month consisted of: materials, $71,725; and conversion cost, $41,953. 3. How many of the units transferred out of the Mixing Department in April were started and completed during that month? 4. The manager of the Mixing Department stated, "Materials prices jumped from about $1.60 per unit in March to $2.10 per unit in April, but due to good cost control I was able to hold our materials cost to less than $2.10 per unit for the month." Should this manager be rewarded for good cost control? Complete this question hy entering Cooperative San José of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold small bottles and is prized as a flavoring for drinks and for use in desserts. The bottles are sold for $12 each. The first stage in the production process is carried out in the Mixing Department, which removes foreign matter from the raw materials and mixes them in the proper proportions in large vats. The company uses the weighted-average method in its process costing system. A hastily prepared report for the Mixing Department for April appears below: Units to be accounted for: Work in process, April 1 (materials 90% complete; conversion 80% complete) Started into production Total units to be accounted for Units accounted for as follows: Transferred to next department Work in process, April 38 (materials 75% complete; conversion 50% complete) Total units accounted for Cost Reconciliation Cost to be accounted for: Work in process, April 1 Cost added during the month Total cost to be accounted for Cost accounted for as follows: Work in process, April 30 Transferred to next department Total cost accounted for $ 29,982 113,678 $ 143,660 $ 18,000 125,660 $ 143,660 11,400 38,800 50,200 41,200 9,000 50,200 Management would like some additional information about Cooperative San José's operations. Required: 1. What were the Mixing Department's equivalent units of production for materials and conversion for April? 2. What were the Mixing Department's cost per equivalent unit for materials and conversion for April? The beginning inventory consisted of the following costs: materials, $19,380; and conversion cost, $10,602. The costs added during the month consisted of: materials, $71,725; and conversion cost, $41,953. 3. How many of the units transferred out of the Mixing Department in April were started and completed during that month? 4. The manager of the Mixing Department stated, "Materials prices jumped from about $1.60 per unit in March to $2.10 per unit in April, but due to good cost control I was able to hold our materials cost to less than $2.10 per unit for the month." Should this manager be rewarded for good cost control? Complete this question hy entering
Expert Answer:
Answer rating: 100% (QA)
Question 1 Materials Conversion costs Transferred to next department 41... View the full answer
Related Book For
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison And Eric Noreen And Peter Brewer
Posted Date:
Students also viewed these accounting questions
-
Cooperative San Jose of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in small bottles and is prized as a flavoring for drinks and for use...
-
Cooperative San Jos of southern Sonora State in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in small bottles and is prized as a flavoring for drinks and for use in...
-
Jennings Company uses the weighted average method for its process costing system. The Molding department at Jennings began January with 80,000 units in work-in-process inventory, all of which were...
-
Since the early 2000s, there has been a significant increase in the price of corn-based ethanol. a. A key input in the production of corn-based ethanol is corn. Use an appropriate diagram to explain...
-
(a) Discuss the implications for financial statement users when there are differences in GAAP among financial reporting frameworks. (b) Outline the advantages and disadvantages.
-
Let xn x be a convergent sequence in a normed linear space. Then ||xn|| ||x|| Furthermore the norm respects the linearity of the underlying space.
-
Let us consider an economy with two risky assets with returns \(\tilde{r}_{1}\) and \(\tilde{r}_{2}\). Show that the explicit formula \(w=\left(\mu-\mathbb{E}\left[\tilde{r}_{2} ight] ight)...
-
1. Do you think a country the size of Iceland a Lilliputian is more or less sensitive to the potential impacts of global capital movements? 2. Many countries have used interest rate increases to...
-
Solve the following equation (x - f)(xg) = h where f=6, g=8, h = 11
-
Given the increasing importance of sustainability and ethical consumption, how can companies authentically integrate these values into their marketing messaging and practices?
-
In your own words, how would you describe the relationship between effective teacher dispositions and ethics? How do state statutes and case law ultimately guide a teacher's behavior? What is their...
-
Finding zeros of a polynomial to d all real zeros of the function. h(x)=4(x+7)^(2)(x^(2)-9)(x-7)
-
Given that x=2-i is a root of the polynomial x^(3)-x^(2)-7x+15, find all other roots.
-
If x^(2)=12x-7 is solved by completing the square, one of the steps in the process is?
-
Use the key features of the polynomial f(x)=-2x^(3)+5x^(2)-2x-3 to describe its end behavior.
-
Reasoning Can you factor the expression 2x^(2)+15x+9 ? Explain why or why not.
-
What is the current Federal corporate tax rate for USA corporations? 15% 21% 30% 35%
-
Could the owner of a business prepare a statement of financial position on 9 December or 23 June or today?
-
Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the companys operations last year follow:...
-
Henries Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $137,320, including freight and installation. Henries estimated the new...
-
What benefits result from decentralization?
-
Use a HashMap to create a reusable class for choosing one of the 13 predefined colors in class Color. The names of the colors should be used as keys, and the predefined Color objects should be used...
-
Use SecureRandom method ints to generate a stream of 50 random numbers in the range 1 to 999, then filter the resulting stream elements to select only the odd numbers and display the results in...
-
(a) How many of male respondents in this study had some college degree? (b) How would you describe the largest group of respondents? (c) What could be stated about the differences between male and...
Study smarter with the SolutionInn App